Markets· ★★★· bullish·

XRP market cap adds $4.1 billion in a day amid short squeeze

  • —XRP market cap gained $4.1 billion in 24 hours to reach $85.7 billion
  • —Trading volume rose 21.27% to $13.79 billion
  • —XRP futures open interest climbed nearly 6% to $6.94 billion
  • —The rally followed a rebound of over 2% from support at $1.29
Why it matters: The short squeeze and rising open interest signal returning demand for XRP after a 14% drop earlier in October.
#XRP
Source: Finbold
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